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RealMoney.com: Jim Cramer Blog
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Shorts Come Up Short

By Jim Cramer
RealMoney Columnist

5/5/2009 4:41 PM EDT
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Not a bad close, and with Disney (DIS - commentary - Cramer's Take) after the bell shining, it looks like the bears didn't have the ammo I thought. Not only that, but Las Vegas Sands (LVS - commentary - Cramer's Take), which has been on a tear, actually got a reason to run, with a good quarter after the bell.

 
Perhaps, just perhaps, once again, what we got today was the intraday chance to buy things at prices that were momentarily put on sale.

Plus, the shorts were out in full force against Disney, stoked by analysts who may not have realized how aggressively Bob Iger and company cut costs so those reduced revenues still produced a nice upside. LVS? The bears jumped back on after the double.

What's their next move?

Probably a cover.

Meanwhile, tech? Can you believe it? Apple (AAPL - commentary - Cramer's Take), Research In Motion (RIMM - commentary - Cramer's Take), Amazon (AMZN - commentary - Cramer's Take) and Google (GOOG - commentary - Cramer's Take) up again!

These gravity-defiers must be killing the shorts, and each day they gain more adherents.

Rough sledding close for the bears. After-hours worse.

Looks like they had nothing after all.

At the time of publication, Cramer had no positions in stocks mentioned.






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Jim Cramer is co-founder and chairman of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. To order Cramer's newest book -- "Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)," click here. Click here to order "Mad Money: Watch TV, Get Rich," click here to order "Real Money: Sane Investing in an Insane World," click here to get "You Got Screwed!" and click here for Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he appreciates your feedback and invites you to send comments by clicking here.

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